I have imported my videos into Elements as a test and tried a lot of different combinations to remove the black borders, but nothing seems to work.
The source file info it in the image below:
I'm unsure which settings to go for when setting up the project...
And I am also unsure of which to select in the export...
I can see that the file is 1280*960, but I cant seem to find this setting, any help would be greatly appreciated.
What are your Project Settings? They're listed under the Edit menu.
There is no project setting for 1280x960, so you're not going to find a perfect fit. It's a very non-standard size for a video. High-def video is generally 1920x1080 or 1280x720.
Premiere Elements also doesn't allow you to create a custom project setting, so I'm not sure what to recommend. You can either "float" the video -- in which case it will fit the frame top to bottom but won't fit it side to side. Or you can place it in a 1280x720 frame and fill the frame -- in which case you're going to cut off a bit of the top or bottom of your video.